Skip to main content

About your Search

20130131
20130131
STATION
CSPAN2 2
WUSA (CBS) 1
LANGUAGE
Search Results 0 to 2 of about 3
CSPAN
Jan 31, 2013 9:00am EST
to be borrowed, and therein lies the necessity of raising the debt ceiling precisely to fund the difference between all that the government wants to spend and the tax revenue that's going to happen. and it's important to note, by the way, that raising this debt ceiling is not about paying for past bills incurred. i know that's repeated around here all the time. it's totally untrue. we have a funding for the appropriations process that expires at the end of march. there is no appropriation that's in place going forward. the debt ceiling increased the authority to borrow more money -- increase, the authority to borrow more money is all about future spending, which is part of the reason why some of us think this is a very sensible moment to try to bring some discipline to that future spending. and what would happen if we don't raise the debt ceiling right away? well, if we don't, we would have to have a 25% cut in all government spending, and that's -- that's pretty massive. that's pretty problematic. now, the administration and some actually go way overboard in the threats that they attach to
CSPAN
Jan 31, 2013 12:00pm EST
that minimizes any disruption in the event that the debt ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against
CBS
Jan 31, 2013 5:00am EST
to raising the debt ceiling. the bill passed the house last week and it would suspend the federal -- extend the federal government's borrowing limit through mid may. without the bill, the government would default on its ob gaixes as early as mid- february. president obama is expected to sign the bill into law as soon as it gets to his desk. >>> time right now is 5:33. i'm watching your money and the value of your home. after pulling the economy into a recession, the housing market is finally recovering. we could even be on the cusp of a seller's market. >> reporter: if you've been waiting to sell your house, a great time to do so may be just around the corner. >> as soon as the flowers start showing up, it's going to be a feeding frenzy out there in april. >> housing is the best story of the year. >> reporter: leading local economy watcher dr. steven fuller of george mason university says sellers have been waiting a long time to sell since the bubble burst back in 2006. and buyers have been waiting to buy. with interest rates holding near record lows and the economy picking up some steam, s
Search Results 0 to 2 of about 3